Docusign EnvelopÈ ID." A1FA302B-7AAW4ED8-A750-FA1665CEDE4B DAVID JAMES WILSON MEMORIAL FUND Charity Registration Number". 1202817 Unaudited Accounts and Annual Report for the year ended 31st December 2024
Docusign EnvelopÈ ID." A1FA302B-7AAW4ED8-A750-FA1665CEDE4B DAVID JAMES WILSON MEMORIAL FUND Accounts for the year ended 31 December 2024 Index Page 14 Trustee's Annual Report Accountancy Report statement of Financial Activities Balance Sheet 8-14 Notes to the Accounts lincluding Accounting Policies)
Docusign EnvelopÈ ID." A1FA302B-7AAW4ED8-A750-FA1665CEDE4B DAVID JAMES WILSON MEMORIAL FUND Accounts for the year ended 31 December 2024 Trustees, Annual Report The Trustees have pleasure in submitting their Annual Report and Financial Stslemenls for the year ended 31 December 2024. Objectives and acttvities of the Charity The objects of the David James Wilson Memorial Fund are lo benefit such exclusively charitable objects and purposes in the United Kingdom as the Trustees in their absolute discretion think fil. The Trustees meet with their objectTves by making donations from the capital and income of the Trust Fund al such limes and in such manner as they decide. Currently. the Iruslees have resolved lo give preferen to the following areas of purpose.. Community development Ihfough sport Environmental protection or improvement Animal welfare Achi&vgments and perfomance Grant makin The Trustees awarded donalions during the year, as detailed in the Notes lo the Accounts. The Trustees are pleased lo have given not only nel income generated during the financial year bul also a balance of brought forward funds transferred from expendable endowment capital. The Trustees have eomplied with the duty in s17151 of the Charities Act 2011 to have due regard to the Charity Commission's Public Benefit guidance when exercising any relevant powers or duties. Financlal Revlew During the year ended 31 sl December 2024, income in the sum of £12.136 was received1£10,930 in 20231 and £9,8741£9,978 in 20231 was spent lo raise the funds. Total expended on the Chariltys Activities was £37.310 1£45.600 in 20231 and the Trustees are pleased lo have spent nel income together with funds transferred from expendable endowment. Nel gains arose on the investment asse15 of £20,308 Inel gains of £26,803 in 20231 bul after the charitable aelivilies. there was a nel decrease in funds of £14,740 for the year Inel decrease of £17,845 in 20231. Funds held al 31 st December 2024 lolalled £533.071 (£547,811 in 20231, which represented Expendable Endowment, held Primarily as investments. The Charity's liabilities al year-end will be sellled from the unreslricled fund assets. All funds are available lo meet wlh the charity's ongoing aim5 and objectives and the Trustees shall continue lo review the position and resolve lo make transfers from capital as 15 required when resolving lo make future donations. Page I
Docusign EnvelopÈ ID." A1FA302B-7AAW4ED8-A750-FA1665CEDE4B DAVID JAMES WILSON MEMORIAL FUND Accounts for the year ended 31 December 2024 Trustees. Annual Report Reserves.. The charity'5 investmen15 provide a relatively secure income stream from which lo make grants and the Trustees aim lo distribute a large percentage of nel income each financial year. together with capital when considered neSsary. Therefore, the Trustees wll not maintain a sel amount as reserves but will continue lo review the policy and in the interim eonsider all income funds held lo be ffee reserves. The charity had no Icfig term commitments al the financial year*nd, with all donations being made subject lo receipt and review of an aG¢eptsble report from a granlee. The Twslees revsew the charity's funds and consider making donations al least tsvice annually. Inveslmenls.. The Trustees have agreed objective5 with the Investment Manager to increase the level of income generated by the investments assets. while considering capital growth and the preservation of value in real lemis. Investment decisions should be made based on views of the prudent person, in accordance with the stsndafd investment criteria relating to suitability and diversification. The Trustees wish lo ensure that the objectives outlined are achieved with an a¢¢epiable risk. This irnplies the need for diversilicalion of investment of the Trust to include a range of assets including fixed interest stocks. UK and overseas shaffts. Investments comprtse holdings in UK. large overseas listed companies. unil and investment trusts, including those investing in major inlernalional markets and also fixed interest securities. The portfolio may Ih&refore include a proportion of medium-sized or smaller UK companies and have exposure lo international markets. Uninvesled cash is held in client accounts al Ralhbones Investr)enl Management. Structure. Governance and Management The charity was founded by Lynn Wilson in memory of David James Wilson. As a charitable Irusl. its governing body are the Trustees of a deed dated 21 sl February 2020. The Tiustaas may in their digcrelion for a period of 21 years from thè data of ea.0, being 2042, accumulate the income and add it lo capital for investsnenl with the power to then apply the whole or part of the accumulations as if income at that lime. The capital of the fund is held as Expendable Endowment and transferred to Unrestricted funds of income lo be distributed at the Trustees, discretion. The power of appointing new Trustees is vested in the founder. Lynn Wi150n, during her lifetime. Thereafter power vests in the then current Trustees. Trustees are selecled in accordance with their connection lo the current Trustees in ac¢or(lan with their skills. experience and understanding of the obligations imposed by such an appointment. The number of Trustees shall not be less than three and if it should fall below that number then only the power to appoint new Trustees shall be exercisable. There shall be a quorum of al any Trustees. meeting and a decision by the majority of Trustees present al any meeting shall be valid and binding on all Trustees. Pa2
Docusign EnvelopÈ ID." A1FA302B-7AAW4ED8-A750-FA1665CEDE4B DAVID JAMES WILSON MEMORIAL FUND Accounts for the year gnded 31 Docembgr 2024 Trustees. Annual Report The Trustees shall hold tsvo meetings each calendar year, one being to review applications for funding, investment performance and a15 mallers arising with the second focussing on grant making and reports received. Meetings may be held in person or other appropriate means of communicatron as the Tiustees decide. The Trustees onsure they are operating within the Current guidelines by discussing any matters arising from Uated Charity Commission practice and guidelines and, along with their own reading, they take advice fiom Ralhbones Trust Company Ltd. The charity's capital is mainly invested on stock markets. As the Trustees have unrestricted powers of investment under Ihe governing deed, the Trustees have resolved to delegate the day to day management of the investments lo Ralhbones Investment Management Ltd. Risk assessment.. The charity Trustees have given consideration lo the major risks lo which the charity is exposed and are satisfied that systems or procedures have been established in order lo manage those risks. After considering the areas of governance, operational. financial, environmental and compliance, the Trustees have identified that major negative fluctuations in investment assets could cause a material risk to the Charity's funds. In order lo mitigate this risk the Trustees have engaged a financial advisor and in accordance with $15 Tmstee Act 2000 the Iruslees are establishing a Policy Statement lo be adhered lo by the Investment Manager. The policies and slalemenl will be reviewed al least on¢e a year by the trustees and financial advisor al least once a year in line with investment performance. Changes will be made lo the policies as necessary and updates to the Statement will be agreed with the Investment Manager. Reference and Administration detsils Registered No.. 1202817 Principal Addres5'. Clo Ralhbones Trust Company, Port of LTverpool Building, Pier Head. Liverpool, L3 INW Trustees who Served during the year.. Lynn Wilson IChair} Ralhbone5 Tru51 Cornpany Michael Peter Moore The direclors of Ralhbones Trust in post al the date the report and accounts were approved are.. Linda Cousins Irelired 31.12.241 James Hurrell Alex Richmond Robert Paul Stockton Trevor Harris Bruce Newbigging Iretired 31.12.241 Kerry Roberts Accountancy.. Rathbones Trust Company, Port of Liverpool Building, Pier Head. Liverpool, L3 1 NW Bankers & Rathbones Investsnenl Management Limited, Fiennes House, 32 Soulhgale Sl, Investment Managers". Winchester. S023 9EH Financial Advisor.. Lee Ford, Vision IFP Ltd. Henchard. Church Hill, Piddlehinton. Dorchester, Dorset, DT2 7TB Pa90 3
Docusign EnvelopÈ ID." A1FA302B-7AAW4ED8-A750-FA1665CEDE4B DAVID JAMES WILSON MEMORIAL FUND Accounts for the year ended 31 December 2024 Trustee$, Annual Report Plans for the future The Trustees will actively seek out potential grantees and projects for which funding will be provided, in order to meet with the charity's objectives. The Charity welcomes applications lor funding, for consideration. Trustees. Responslbilities The TrLtslees are Tesponsible for preparing the Trustees. Annual Report and Financial Slalements in accordance with applicable law and United Kingdom Accounting Siandards (United Kingdom Generally Accepted Accounting Practi1. The law applicable lo charities In England and Wales requires the Truslee5 to ppare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of its income and applicab.on of resources for that year. In preparing these financial slalemenls, the Trustees are required to.. select suitable accounting polices and then apply them consislenlly., observe the method5 and principles of'Accounling and Reporbng by Charities.. Slalemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland, IFRS 1021 Ilhe Charities SORPI,. rnake judgements and estimates that are reasonable and prudent.. slate whether applicable UK Accounting Standards IFRS1021 have been followed, subject lo any material departures disclosed and explained in the financial slalemenls., and ppare the financial slalemenls on the going concern basis unless it is inappropriate lo presume that the charity will continue in opera110n. The Trustees are responsible for. keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy al any lime the financial position ol the charity keeping adequate accounting records which enable the Trustees to ensure the financi81 slalemenls comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Declaration The Trustees declare that they have approved the Tru51ee's report above. As agreed and signed on behaEf of the Trustees: Do¢uS*nth8by.' 23 lune 2025 1 2:16 PM BST Mts Kerry Robert5 on behalf of Rafhbones Trust Company Limited Trustee Date P4
Docusign EnvelopÈ ID." A1FA302B-7AAW4ED8-A750-FA1665CEDE4B DAVID JAMES WILSON MEMORIAL FUND Accounts forthe year ended 31" December 2024 Independent Examiner's Report Independent Examiner's report to the Trustees of the David James Wilson Memorial Fund I report to the trustees on my examination of the accounts of the above charity I'the TrusVI for the year ended 31, December 2024. which are set out on pages 6 to 14. Responsibilities and basis of report As the charity s trustees, you are responsible for the preparation of the accounts in accordance with the reqkjirements of the Charities Act 20111"the Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination. I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent examinerfs statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me ca¥Jse to believe that in any material respect: the accounting records were not kept in accordance with section 130 of the Charities Act; or the accounts did not accord with the accounting records,. or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities IAccounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf, view which is not a matter considered as part of an independeni examination. I have no concerns and have come across no other matters in connection with the examinalion to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Saroh 5pencely 85c TA Lime free Cottoge, Outlonds Lone, Curdridge, Southompton, S030 2HD Dote
Docusign EnvelopÈ ID." A1FA302B-7AAW4ED8-A750-FA1665CEDE4B DAVID JAMES WILSON MEMORIAL FUND Accounts for the year ended 310ecember 2024 Statement of Financial Activities Unrestricted Expendable Total Funds Endoymient Funds Funds 2024 Total Funds 2023 Notes Income and Endowments from: Investments 12,136 12,136 10,930 Total Income 12.136 12,136 10.930 Expenditure on.. Raising funds Charitable activities 9,874 9,874 37,310 9,978 45.600 37,31D Total Expenditure 37,310 9,874 47,184 55.578 Nel gains I Ilossesl on investments 10 20.308 20.308 26,803 Transfers between funds 15 25,174 125,174) Net movement in funds 114,7401 114,7401 (17,845) Reconciliation of funds Balance brought forward at 1 January 2024 547,811 547,811 565,656 Balance carried forward at 31 December 2024 533,071 533,071 547.811 The notes on pages 8 to 14 form part of these accounts. Page6
Docusign EnvelopÈ ID." A1FA302B-7AAW4ED8-A750-FA1665CEDE4B DAVID JAMES WILSON MEMORIAL FUND Accounts for the year ended 31 DBcember 2024 Balance Sheet at 31 December 2024 Unrestricted Expendable Total Funds Endowment Funds Funds 2024 Total Funds 2023 Notes Fixed Assets Investments 10 535.184 535,184 548,219 Totsl Fixed Ass¢t$ 535.184 535.184 548.219 Current Assets Debtor Cash at bank and on deposit 582 6,728 582 305 7.033 610 14,647 12 Total Current Assets 7,310 305 7.615 15,257 Liabilities Creditors.. amounts falling due within one year 13 7,310 2,418 9,728 15,665 Total Current Liabilities 7,310 2,418 9,728 15.665 Net Current Assets I (Liabilities) 12,113} 12.1131 (408) Total Net Assets at 31 December 2024 533.071 533.071 547,811 Funds of the Charity Total Funds at 31 December 2024 533,071 533,071 547,811 Approved by the Board of Trustees and signed on ils behalf by.. Do¢uS*n•Jby.' 23 June 2025 1 2:16 PM BST Mrs Kery Roberts on behalf of Rathbones Trust Company Limited Trustee Date The notes on pages 8 10 14 form part of these accounts. Pave 7
Docusign EnvelopÈ ID." A1FA302B-7AAW4ED8-A750-FA1665CEDE4B DAVID JAMES WILSON MEMORIAL FUND A¢¢ounts for th8 y8ar ènded 31 Dacembar 2024 Notes to the Accounts 1 Charity Infomiation Oavid James Wilson Memorial Fund is a Charitable Trust govemed by Trustees and was created by deed dated 21 2020. The charity registered with the Charsty Commission of England and Wales on 24 April 2023. Its principal address is clo Port ol Liverpool Building, Pier Head, Liverpool. L3 1NW. The charity is a Public Benefit Enlrty as defined by FRS 102. 2 AccountÉng Policies The f1nancial 5tatemenlg have been prepared on an ac¢ruals basi5 and a going concem basis in accordance th 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo ¢harilies preparing their a(Lounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and UK Generally A¢¢eplerl Accounting pral¢e. The accovnls are prepared in slerfing. whith is the functional currenq of the charity. Monetary amounts in these financial statements are rounded to the nearest £. Th$ accounts have been prepared on the historical cost convention, modified to Indude the valUatiOn of investrnents al fair value. The principal accounting poli(ies adopted a set out below. The charity has taken advantage of the prowsions in the SORP for Charities applying FRS 102 Update Bulletin 1 not lo prepare a Slalemenl of Cash Flows. Golng Concern At the time of approving the accounts, the Trustees have assessed whether there are any rnaterial uncertainties asting doubt as ttr whether the charity will continue as a going concern. The Trustees have eoneluded they have a reasonable expectation that the charity ha5 adequate resources to continue in operational existence for the fLYeseeable future. Accordingly, the Trustees continue to adopt the 'going concem, basis of accounting in PTeparing the accounts. Charitabl8 Funds The charity holds Unrestricted Funds which are available for use al the dIsC'0n of the charty in futherance of its charitable objectives unless the frjnds have been designated for other purposes. Expendable Endowment capital funds are available to be applied al the discretion of the trustees in furtherance of the charitys objects. Expendable Endowmenl is held primarily for income generation and increases or decreases in line wth the investment valuation. Transfers from the Endowment Fund to Unrestricted Fund are made at the Trustees. discretion. In¢gmè Income is recognised when the charity is legally entitsed to it after any performance conditions have been met. the amounts can be measured reliably and it is probable that income will be received. Cash donations a recognised on receipt. other donations are recognised once the charity has been notified of the donation. unles5 performance conditions require deferral of the amount. Income Tax recoverable in relation to donations received under Gift Aid or deeds ol covenant is recognised 81 the time ofthe donth'on. Legaoes are recognised on receipt or otherwise if the charity has been nolnled of an impending distribution, the amount is known and receipt is expected. If the anN)unt is not knovm, the legacy is Irealed as a conlingenl asset. All dividend income is recorded net and includes tax deducted only when it is repayable to the charity. PAgtr B
Docusign EnvelopÈ ID." A1FA302B-7AAW4ED8-A750-FA1665CEDE4B DAVID JAMES WILSON MEMORIAL FUND Accounts for the year ended 31 December 2024 Notes to the Accounts Expenditure Expenditure is rewnised when there 1$ a legal or constructive obligation for which it is more likely than not that a transfer of economic benefit will be requir¢d in settlement and the amount can be reliably measured as at the reporting date. A con51ruclive oblig*ion exists where the charity has communicated the commitment to provide funding lo the recipient by the reporting date and there are no condi(ions attached to its payment falling due after the reporting dale. Provisions for liabilities must be recognised when either the timing or the amount of future expenditure reouired to settle the obligation is uncertain. These are distinguished separately on the balance sheet. If a transfer of re30urces is no longer reqUId. provisions aTe reversed and charged to the SOFA. Govemance costs Governancè costs comprise all costs involving public accountability of the charity and its compliance th regulation and good practi¢e. Investments Investments held in the fund are included at their market value a5 follows.. lal Listed securities are valued at the mid market value ruling al the balance sheet dale. Ibl Listed securtties held in foreign Currencies have been valued at the mid market value and translated into their sterling equivalents at the rates ruling at the balance Sheet dale. (¢1 Gilts are valued at the mid market value ruling at the balance Sheet date and indude Inte$1 that has accrued up to that date. Investments are classified as a fixed asset except when classified as a ¢urrenl asset where the intsnlion of the Trustees is to dispose of the 855el and not reinvest the proceeds. other Tecognised Gains and Los$e$ Realised gains and losses on investments are calculated a$ the difference beeen sales proceeds and their rnarket value at the start of the year, or their subsequent cost and are charged or credited lo the Statement of Finanoal Activities in the year of disposal. Unrealised gains and 1055es represent the rnovement in market values during the year and are credited or charged lo the Statement of Financial Activities resulting trom revaluing investments to market value al the balance sheet dale. Taxation The charity is not liable lo income or capital gains t2x on its charitable acb'vilie5. Irrecoverable VAT is in¢lu¢Jed in the asset cost or the expense to which il relates. Cash and cash gquÉvalents Cash at bank and in hand is held lo meet short-lemi cash commitments as they fall due rather than for investment purposes. Cash and cash equivalents include cash in hand. deposits held at call with banks, other short-lerm IiqLJid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are Shown within borrowngs in current liabilities. Financial Instrument5 The charity has elected to apply the piovision5 of Section 11 '8a$ic Financial Instruments. and Section 12 'Other Financial Instruments Issuès, of FRS 102 to all of its financAal inslrumenl3. Financial instruments are reco9nised in the charity'5 balance sheet when the charity becomes party to the Contractu provisions of thè instrurnent. Pag• 9
Docusign EnvelopÈ ID." A1FA302B-7AAW4ED8-A750-FA1665CEDE4B DAVID JAMES WILSON MEMORIAL FUND Accounts for the year end•d 31 D•¢•mb&r 2024 Notès to thè Aecounts Finanoal 8ssets and liabilities are offset, with the nel amounts presented in the financial slalemènls, when there is a legally enforable right to sel off the recogni5ed amounts and Ihere is an intention to settle on a net basis or to realise the asset and settle the liability 5imullaneously. Basic financial assets Basic financial a55e15. which include ¢Jebtors, cash and bank balances, are initially nEasured al transaction price induding transaction costs and are subsequenuy ¢arried al amorb.sed cost using the effective interest method unless the affangement constitutes a finan¢ing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable wthin one year are not amort15ed. Basi¢ finan¢ial liabilit1•$ Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitute5 a financing Iransaclion. where the debt instrument is measured at the present value of the future receip15 discounted al a market rale of interest. Finanaal liabilities dassified as payable thin one year are not amortised. Debt instruments are sub5equenUy carried al amortised cost, using the effective interest rale method. Trade creditors are obligations lo pay for goods or service that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as currenl liabilities if payment is due within one year or less. If not, they are presented as non-currenl liabililigs. Trade creditors are recognised initially at transaction price and subsequently measured at amorbsed cost using the effective interest melh¢d. Der&CognIOn of financial liabilities Financial liabilities are derecognised when the charity's contra¢lual obligab.ons expire or are discharged or cancelled. 3 Critical accounting èstimatès and judgements In the application of the charity's accounting polirie5, the Trvslees are required to make judgements, e51imale5 and assumptions aboui the carrying amount of assets and liabilities that are not readily apparent from other Sources. The estimates and associated assumptions are based on historical experience and other factOTS that are considered to be relevant. Actual results may differ from these estimates. The eslimales and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimate5 are reeognised in the period in which the estimate is revised where the revision affects only th81 period. or in the period of the revision and future periods where the Yèvision affects tx)th current and ftrture periods. PAAe 10
Docusign EnvelopÈ ID." A1FA302B-7AAW4ED8-A750-FA1665CEDE4B DAVID JAMES WILSON MEMORIAL FUND A¢¢ounts for the year •ndgd 31 Dgcember 2024 Notes to the A¢¢ounts 4 Investmgnt income 2024 2023 UK Equities Unit Trust Income Unit Trust Interest Fixed Interest Overseas Income Overseas Interest B8nk Interest Excess Reportable Income Non reclaimable tax edUed ai source on overseas income Accrued Interest charged 2,255 702 796 1.680 4.069 2.589 336 89 12651 11151 2, 768 551 725 761 3,819 2,018 422 169 (286) (1T? 12,136 10,930 S Raising funds 2024 2023 Investment Management fee5 Vision IFP fee5 Castle Wealth fees 4,575 3.312 1.987 4,619 3,349 2,070 9,874 9,978 6 Charitable activities Grnnt making.. Donations made Inole 71 Support and administration. induding compliance and règistration Governance costs Inole 81 2024 2023 31,000 2,400 3,910 39,000 3,600 3,000 37.310 45,600 'Addilional infrjmiation provided at note 16 7 Donations made 2024 2023 Big Yellow Bus Garden Project Crisis UK Living Streets Marine Conservab'on Society Médecins Sans Fronlières Salvation Army The University of Reading The Woodland Trust- 3 of 3 Worfd Wildlifè Fund Yeowl Cancer Care Unit 2.000 1,000 1.000 6.OQO 1,000 1,000 25,000 25,000 3,000 7,000 31,000 39,000 Page11
Docusign EnvelopÈ ID." A1FA302B-7AAW4ED8-A750-FA1665CEDE4B DAVID JAMES IMLSON MEMORIAL FUND A¢¢ounts for thg year ended 31 Decembor 2024 Notes to the Accounts 8 Governance costs 2024 2023 Accountancy and complian¢e fee lThJependent Examination fee 3,000 910 "Additional information provided at note 16 9 Remuneration and Othèr Information The charty has no employee5 and none of the Trustees havg r8ceived any remunerats'on for acting as Tnjslee or received repayment tsf oul-of-pocket expenses during this OT the previous financial year. 10 Investments Value at Acquisition5 01/0ir2024 at cost Sales Realised Unrealised Value at proceeds GainsfllDssesl Gainslllossesl 3111212024 Listed.. Totsl UK Bonds Total UK Equities and Income Total Overseas Totsl Commodities 137,277 200, 716 197.291 78,935 27.697 24.348 63.551 1?2,4851 182.4001 151,9521 12,1221 448 16751 4,503 1421 12.1641 11,5251 15.568 4.195 144,793 140,464 228,961 20,966 548,219 115,596 148.939 4.234 16.074 535.184 No holdings represented more than 5% ofthe charity'$ total portfolio as at the finanual year end Inone- 2023}. 11 Debtor 2024 2023 Investment income recwvable 582 610 582 610 12 Cash at bank and on dèposit 2024 2023 Rathbones Investment Management 7.033 14.647 7,033 14,64T 12
Docusign EnvelopÈ ID." A1FA302B-7AAW4ED8-A750-FA1665CEDE4B DAVtD JAMES WILSON MEMORIAL FUND A¢¢ounts forth& yèar and8d 31 December 2024 Notes to the Accounts 13 Current liabilities Creditors.. Amourts falling du8 within on8 year." Accrual for donation- Living Streets Rathbones Investment Management Vision IFP Ltd Castle Wealth Ltd Rathbones Trust Co Ltd Rathbone5 Trust Co Ltd- prior year Sarah Spen¢ely- Independent Examination f 2024 2023 1,000 1.122 810 486 5.400 t, 142 827 496 6,600 6,600 910 9,728 15.665 14 Financial In¥trumènt$ 2024 2023 Carrying amount of financial assets Debt instruments receivable within one year Debtor - Cash 582 7.033 670 14.647 7.615 15.257 Carrylng amoLbnt of financial liabilitie$ Payable within one year Creditors 9,728 15,665 Instruments measured at fair value through SOFA Inve51fflenls al value 548.219 15 Movements beeen funds Balance at 0110112024 Gainsl (Losses) Transfer Balance of Funds 3111212024 Income ExpendltUTe Expendable Endowment Investments 547.811 {9,8741 20,308 125.174) 533.071 Unrestricted funds: Gèneral funds 12,136 137,3101 25,174 Total funds $47,811 12,136 147.1841 20,308 533,071 16 Relatad Party Transact5ons The Trustee$ operate the charity for public benefit and at all times act in the interest ol the charity and its purposes. In order lo comply wth their dubes, the Trustees have considered personal or other interests in which as a result of the decision made an individual may benefit financially or otherwise. either d1ctlY or indirectly. The TIu51ee5 are not remunerated for their Services. No amounts have been paid to the Trustees during the year ended 31 December 2024. or the previous period, for out of pocket expenses. Pago 13
Docusign EnvelopÈ ID." A1FA302B-7AAW4ED8-A750-FA1665CEDE4B DAVID JAMES IMLSON MEMORIAL FUND Aeeounts for th• yèar •nde(131 December 2024 Notes to the Accounts 16 Relatgd Party Transactions Icontinu•d...I Rathbones Trust Company charges for professional services provided only, as wovided above.. Thi5 is perniitted by the Charity's governing document and applicable law. Charity Commission guidance is followtrd in respect of payment ofcharges. Ralhbonè5 Inv8strnent Management IRIMI and Rathbones Trust Company IRTC} are both part of the Rathbones GroL¢P. The investment management is undertaken by RIM al their 5tsnd8rd terms as offered to other charities. RTC is not obliged to appoint or retain RIM as investrnent managers but do so on the ba515 that the lemis and perfomian¢e have been satisfactory when CoMpad to alternative providers of investment management. rinancial advisor, who ha¢ an exisling professional advisory relats'onship with the founder of the charily, has been engaged by the Tru51ee5 to advise on the perfomiance of the funds and ongoing ¢osls. This will bè kept under regular review. There were no other related party Iransadions requiring disdosure in respect of the periLxI ende(131 D8¢ernber 2024 or previous year. The Trustees are also the key management ofthe charity. 17 Comparative Ststement of Financial Activitiès UnrÈstrict•d Expendable Funds Endowment 2023 2023 Total Funds 2023 Income and Endowments from.. Investments 10,930 10,930 Total Incomè 10.930 10,930 Expenditure on: Raising funds Charitable actiwties 9,978 9,978 45,600 45.600 Total Expenditure 45.600 9,978 55.578 Net gains I Ilossesl on investments 26.803 26,803 Transfers between lunds 25,265 125,2651 Net movement in funds 19,405) 18.4401 117,845} Reconciliation of funds Balance brought forward at 1 January 2023 9.405 556,251 565,656 Balance ¢arrl•d forward at 31 Dgcèmbor 2023 547.811 S47,811 Paga 14